Google’s revived nuclear power plant gets $1.9B loan from US government
The U.S. Department of Energy has granted a $1.9 billion loan to NextEra Energy to restart a shuttered nuclear power plant in Iowa. The project aims to provide clean, reliable energy to support the growing electricity demands of AI data centers.
Why it matters
The move highlights the critical intersection of AI infrastructure development and the revitalization of nuclear energy as a solution to rising power consumption.
Last October, Google said it would bring an Iowa nuclear power plant back from the dead . Now, the facility’s owner, NextEra Energy, has received a $1.9 billion loan from the U.S. Department of Energy to finance the refurbishment.
The sizable loan is the second of its kind, suggesting that the Trump administration views revived nuclear power as a key source of electricity for tech companies seeking to power their AI data centers. Last year, the Department of Energy extended a $1 billion loan to Constellation Energy to restart a reactor at Three Mile Island.
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